alleryStart learning →What is real independence also known as?
AIndependence of mind
BIndependence of fee
CIndependence of form
DIndependence of rotation
Answer & Solution
Correct answer: A. Independence of mind
Real independence concerns the auditor's state of mind and how they act in a specific situation.
Keep practising Institute of Chartered Accountants of India
Browse all Institute of Chartered Accountants of India questions for CA Final, or explore more Auditing topics.
Related questions
A professional claims skills above ordinary. Standard of care?With contract and tort liability together, damages are?Which case narrowed the Hedley Byrne duty-of-care test?Which 1964 case recognised liability for negligent statements?To whom should an internal auditor report directly to preserve independence?Large non-audit fees from an audit client raise what concern?Why can very low audit fees hurt independence?Management blocks access to ledgers. Which independence is hit?